Author: Nidhi Awasthi
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India: Iron ore concentrate prices inch up on demand-supply imbalance
Sellers prioritising dispatches of earlier commitments Recent uptick in pellet, steel prices to support iron ore prices BigMint’s latest bi-weekly assessment for India’s Fe 62% iron ore concentrate stood at INR 5,000/tonne (t) ($56/t) ex-works Jabalpur, inching up by INR 50/t ($0.5/t) as of 31 December, compared with 27 December. Meanwhile, market sentiment strengthened w-o-w,…